Glacier Bancorp Reports Strong Q4 Earnings, Surpassing Expectations
KALISPELL, Mont. - Glacier Bancorp Inc. (GBCI) announced strong earnings for the fourth quarter of 2023, exceeding Wall Street analysts' estimates.
The Kalispell-based bank reported net income of $61.8 million, or 54 cents per share, in the three-month period ending December 31st. Analysts surveyed by Zacks Investment Research had forecast earnings of 53 cents per share.
Revenue rose to $328.6 million, with net interest income of $223 million, also surpassing analysts' expectations.
For the full year, Glacier Bancorp reported a net income of $190.1 million, or $1.68 per share, on revenue of $833.1 million.
These results reflect the bank's continued growth and financial strength. Investors are advised to consult a Zacks stock report on GBCI for more detailed insights and analysis.